Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of inhibitors and modulators for enzymes and receptors, aiding in the study of disease mechanisms. Additionally, it finds application in agrochemical research, contributing to the development of new pesticides and herbicides. Its versatility in organic synthesis also makes it a useful building block for constructing complex chemical architectures in medicinal chemistry.